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|CONTENTS||||PAGE|
|---|---|---|---|---|
|Members ofthe Board|and professional|advisers|||
|Trustees Annual
Report|||||
|Statement ofTrustees'|Responsibilities||||
|independent
examiner's|report tothe trustees||||
|Statement offinancial
activities (incorporating|||the||
|income and expenditure|account)||||
|Consolidated
balance sheet|||||
|Charity balance sheet|||||
|Notes tothe financial statements||||10|
##
|Registered|charity name|charity name|Paper Industry|Technical Association|
|---|---|---|---|---|
|Charity number|||1093335||
|Company
registration||number|04300838||
|Principal ofgce|||Tower House||
||||269 Walmersley|Road|
||||Bury||
||||Lancashire||
||||BL96NX||
|Registered|office||Tower House||
||||269Walmersley|Road|
||||Bury||
||||Lancashire||
||||BL96NX||
|Trustees|||Dr6 KMoore||
||||Mr M Wroe||
||||MrSMHutt||
||||Mr J Kirby||
||||Mr T Klemz||
|Secretary|||Mrs H J Dolan||
|Independent|examiner||Mr J Staples||
||||Horsfield &Smith||
||||Chartered
Accountants||
||||&Statutory Auditor||
||||269 Walmersley|Road|
||||Bury||
||||Lancashire||
||||BL96NX||
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|||||||Total||Total|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Restricted||Total Funds|Total Funds|
||||||Funds|2021|Funds|2021|2021|2020|
|||||Note||f||f|f|f|
|INCOME|||||||||||
|Subscriptions||||||47,784|||47,784|56,011|
|Grants||||||13,121|118,551||131,672|&7,936|
|Other trading||activities||||58,533|||58,533|28,514|
|Investment|income|||||743|||743|1,679|
|Other income||||||13,613|||13,613|21,857|
|TOTAL INCOME|||||133,794||11$,551||252,345|195,997|
|EXPENDITURE|||||||||||
|Expenditure||on raising funds and charitable|||||||||
|activities||||7|(115,336)||(155,097)||(270,433)|(1&&,132)|
|Other||||8|(14,770)|||-|(14,770)|(2,026)|
|TOTAL EXPENDITURE|||||(130,106)||(155,097)||(285,203)|(190,158)|
|NET EXPENDITURE AND NET MOVEMENT|||IN||||||||
|FUNDS FORTHE YEAR||||9||3,688|(36,546)||(32,858)|5,839|
|RECONCIUATION
OF FUNDS|||||||||||
|Total funds brought forward|||||30&,920|||36,546|345,466|339,627|
|TOTAL FUNDS|CARRIED FORWARD||||312,608||||312,608|345,466|
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|YEAR ENDED 31stD|ECEMBER 2021|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||Nate||6|f|
|FIXEDASSETS||||||
|Tangible assets||||9,864|206,275|
|||||9,864|206,275|
|CURRENT ASSETS||||||
|Debtors||13|34,347||61,754|
|Cash at bank and in hand|||522,589||334,797|
||||556,936||396,551|
|CREDITORS: Amounts|falling due within one year|14|(254,192)||(222,360)|
|NET CURRENT ASSETS||||302,744|174,191|
|TOTAL ASSETS LESSCURRENT LIABIUTIES||||312,608|380,466|
|CREDITORS:Amounts|falling due after more than one|||||
|year||15|||(35,000)|
|NET ASSETS||||312,60&|345,466|
|FUNDS||||||
|Unrestricted
funds||16||312,60$|308,920|
|Restricted funds||17|||36,546|
|TOTAL FUNDS||||312,608|345,466|
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|Unrestricted|Total|Funds|Total|Funds|
|---|---|---|---|---|
|Funds||2021||2020|
|f||f||f|
|47,784||47,784||56,011|
|47,784||47,784||56,011|
##
|Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|
|Funds|Funds|2021|2020|
|f|f|f|f|
|13,121|118,551|131,672|87,936|
|13,121|118,551|131,672|87,936|
##
|Unrestricted|Total|Funds|Total|Funds|
|---|---|---|---|---|
|Funds||2021||2020|
|f||f||f|
|33,978||33,978||17,050|
|24,555||24,555||11,464|
|58,533||58,533||28,514|
##
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|Management|fees|
|---|---|
|Rental Income||
|Government|Grants Receivable|
|Unrestricted|Total|Funds|Total Funds|
|---|---|---|---|
|Funds||2021|2020|
|f||f|f|
|743||743|1,679|
|Unrestricted|Total|Funds|Tota I Funds|
|Funds||2021|2020|
|f||f|f|
|6,283||6,283|11,879|
|7,330||7,330|9,978|
|13,613||13,613|21,857|
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|7.|EXPENDITU|RE|ON CH|ARIT|ABLE ACTIVI|TIES|TIES|TIES||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|||Restricted|Total Funds|Total Funds|
||||||||Funds||Funds|2021|2020|
||||||||f||8|8|f|
||Publication|costs|||||105,280||155,097|260&377|184,930|
||Training costs||||||10,056|||10,056|3,202|
||||||||115,336||155,097|270,433|188,132|
|8.|OTHER EXPENDITURE|||ON|CHARITABLE|ACTIVITIES||||||
|||||||||Unrestricted||Total Funds|Total Funds|
||||||||||Funds|2021|2020|
||||||||||E|8|f|
||Accountancy||fees||||||3,503|3,503|2,026|
||Profit/Loss|on disposal||of|assets||||11,267|11,267||
||||||||||14,770|14,770|2,026|
|9.|NET INCOME/(EXPENDITURE)|||||||||||
||This is stated||after charging:|||||||||
|||||||||||2021|2020|
|||||||||||E|f|
||Staff pension||contributions|||||||1,132|702|
||Depreciation|||||||||7,767|8,954|
|10.|STAFF COSTS||AND EMOLUMENTS|||||||||
||Total staff|costs were||as follows:||||||||
|||||||||||2021|2020|
|||||||||||f|f|
||Wages and|salaries||||||||19,537|19,406|
||Social security||costs|||||||245|361|
||Pension costs|||||||||1,132|702|
||Private health||care|||||||3,912|4,204|
|||||||||||24,826|24,673|
||Particulars|of|employees:|||||||||
||The average||number|of|employees|during|the|year,|calculated|on the
basis|of full-time|
||equivalents,|was as follows:||||||||||
|||||||||||2021|2020|
|||||||||||No|No|
||Number of|administrative|||staff|||||1|1|
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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||||Furniture|||
||Leasehold|Ofgce|Fixtures &|||
|CON5OLIDATED|Property
f|Equipment
f|Fittings
f|Vehicles
f|Total
f|
|COST OR VALUATION||||||
|At 1Jan 2021|230,000|12,679|5,267|50,000|297,946|
|Additions||831|||831|
|Disposals|(230,000)|(8,139)||(25,000)|(263,1391|
|At31Dec2021||5,371|5,267|25,000|35,638|
|DEPRECIATION||||||
|At 1Jan 2021|39,551|11,436|5,267|35,417|91,671|
|Charge in year|974|543||6,250|7,767|
|Eliminated
on disposal|(40,525)|(8,139)||(25,000)|P3,664)|
|At31Dec2021||3,840|5,267|16,667|25,774|
|NET BOOK VALUE||||||
|At31Dec2021||1,531||8,333|9,864|
|At 31Dec2020|190I449|1,243||14,583|206,275|
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|11.|TANGIBLE FIXEDASSETScont||||
|---|---|---|---|---|
||||Motor||
||CHARITY|Equipmentf|Vehicles
s|Total
4|
||COST||||
||At 1stJanuary 2021|12,679|50,000|62,679|
||Additions|831||831|
||Disposals|(8,139)|(25,000)|(33,139)|
||At 31stDecember 2021|5,371|25,000|30,371|
||DEPRECIATION||||
||At 1stJanuary 2021|11,436|35,417|46,853|
||Charge forthe year|543|6,250|6,793|
||Eliminated
on disposal|(8,139)|(25,000)|(33,139)|
||~i31stDmember 2$2-|||20;507|
||NET BOOK VALUE||||
||At 31stDecember 2021|1,531|8,333|9,&64|
||At 31stDecember 2020|1,243|14,583|15,826|
|12.|INVESTMENTS - Charity||||
||Investment
in Trading subsidiary||2021|2020|
||Market value at 1stJanuary 2021||173,603|173,603|
||Market value at 31stDecember 2021||173,603|173,603|
||Historical costat 31stDecember 2021||173,603|173,603|
##
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||Consolidated|Consolidated||Charity|
|---|---|---|---|---|
||2021|2020|2021|2020|
||f'|f|f.|f|
|Trade debtors|33,112|54,983|16,297|49,233|
|Other debtors||761||761|
|Prepayments|1,235|6,010|1,235|6,010|
||34,347|61,754|17,532|56,004|
##
||Consolidated|Consolidated||Charity|
|---|---|---|---|---|
||2021|2020|2021|2020|
||f|f|f|f|
|Trade creditors|49,210|39,935|38,250|28,640|
|Taxation and social security|7,697|12,218|5,553|10,457|
|Accruals and other creditors|197,285|170,207|110,286|116,207|
||254,192|222,360|154,089|155,304|
##
|||||||Consolidated||Charity|
|---|---|---|---|---|---|---|---|---|
||||||2021|2020|2031|2020|
||||||f|f|f|f|
|Amounts|owed|to|group|undertakings|||475,674|413,674|
|Bankloan||||||35,000||35,000|
|||||||35,000|475,674|448,674|
##
|Consolidated||Balance at|Incoming|Outgoing|Balance at|
|---|---|---|---|---|---|
|||1Ian 2021|resources|resources|31Dac 2021|
|||f|f|f|f|
|General Funds||172,814|269,900|(130,106)|312,608|
|Revaluation|reserve|136,106||(136,106)||
|Total Funds||308,920|269,900|(266412)|312,608|
##
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|Consolidated|||Balance at|Balance at||Incoming|Outgoing|Balance at|
|---|---|---|---|---|---|---|---|---|
||||1Jan 2021||resources||resources|31Dec2021|
|||||||f|f|f|
|General Funds||||36,546||118,551|(155,097)||
|Total Funds||||36,546||118,551|(155,097)||
|ANALYSIS OF NET ASSETSBETWEEN FUNDS|||||||||
||||||||Net current||
|||||Tangible|||assets/||
|||||fixed|assets|Investments|(liabilities)|Total|
||||||f|f|f|f|
|Consolidated|Unrestricted||Funds||9,864||302,744|312,608|
|Charity Unrestricted||Funds|||9,864|173,603|(243,245)|(59,778)|
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